eToro Reports 500% Year-on-Year Increase in Crypto Trading Volume Amid Growing Retail Interest

CoinMarketCap12-11

Global trading platform eToro has reported an explosive 500% year-on-year increase in cryptocurrency trading volume for November 2024 compared to the same period in 2023. The surge, as revealed by DL ...

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The surge, as revealed by DL ...</p>\n\n<a href=\"https://coinmarketcap.com/community/articles/67598b81ba974a04401a74e0/\">Source Link</a>\n\n</div>\n","source":"coinmarketcap_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>eToro Reports 500% Year-on-Year Increase in Crypto Trading Volume Amid Growing Retail Interest</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\neToro Reports 500% Year-on-Year Increase in Crypto Trading Volume Amid Growing Retail Interest\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-12-11 20:54 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://coinmarketcap.com/community/articles/67598b81ba974a04401a74e0/><strong>CoinMarketCap</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Global trading platform eToro has reported an explosive 500% year-on-year increase in cryptocurrency trading volume for November 2024 compared to the same period in 2023. The surge, as revealed by DL ...</p>\n\n<a href=\"https://coinmarketcap.com/community/articles/67598b81ba974a04401a74e0/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4601","symbol_name":"加密货币现货ETF","start_time":0,"source_url":"https://coinmarketcap.com/community/articles/67598b81ba974a04401a74e0/","article_id":"2490585150","we_media_id":null,"thumbnails":["https://academy-public.coinmarketcap.com/srd-optimized-uploads/e2e564a0b36f4e0b91916bab3bf9edc6.jpeg"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2490585150","pubTimestamp":1733921663,"columns":[],"sourceInfo":{"source_id":"coinmarketcap_highlight","name":"CoinMarketCap"},"weMediaInfo":null,"summary":"Global trading platform eToro has reported an explosive 500% year-on-year increase in cryptocurrency trading volume for November 2024 compared to the same period in 2023. The surge, as revealed by DL News, underscores a dramatic rise in interest among retail investors in the cryptocurrency market.Similarly, Robinhood, a popular trading platform for both stocks and cryptocurrencies, experienced a 400% increase in crypto trading volume from October to November. This trend highlights a renewed enthusiasm for digital assets as market dynamics evolve and retail investors seek opportunities in the ever-growing crypto space.Robinhood: A 400% Monthly Increase in Crypto Trading. Robinhood, another major player in the retail trading space, reported a 400% increase in crypto trading volume between October and November 2024. Known for its commission-free trading model, Robinhood has become a go-to platform for retail investors exploring both stock and cryptocurrency markets.Robinhood’s simple and ","collect":0,"end_time":0,"defaultTopTitle":"coinmarketcap.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4601":"加密货币现货ETF","LU1861559042.SGD":"日兴方舟颠覆性创新基金B SGD","BK4127":"投资银行业与经纪业","BK4547":"WSB热门概念","BK4594":"比特币ETF概念","BK4585":"ETF&股票定投概念","HOOD":"Robinhood","BK4539":"次新股","BK4588":"碎股","LU1861558580.USD":"日兴方舟颠覆性创新基金B"},"translate_title":"eToro报告称，由于零售兴趣不断增长，加密货币交易量同比增长500%","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"HOOD":0.9},"content_text":"Global trading platform eToro has reported an explosive 500% year-on-year increase in cryptocurrency trading volume for November 2024 compared to the same period in 2023. The surge, as revealed by DL News, underscores a dramatic rise in interest among retail investors in the cryptocurrency market.\nSimilarly, Robinhood, a popular trading platform for both stocks and cryptocurrencies, experienced a 400% increase in crypto trading volume from October to November. This trend highlights a renewed enthusiasm for digital assets as market dynamics evolve and retail investors seek opportunities in the ever-growing crypto space.\neToro’s 500% Surge: A Closer Look\neToro’s remarkable 500% increase in crypto trading volume is a testament to the platform’s growing role in the digital asset market. The platform, which allows users to trade cryptocurrencies alongside traditional assets like stocks and commodities, has seen a surge in user engagement and trading activity.\nKey Drivers of eToro’s Growth\n\nRetail Investor Participation\n\nRetail investors have increasingly turned to platforms like eToro to gain exposure to cryptocurrencies. User-friendly interfaces and educational resources make these platforms accessible to novice traders.\n\nExpanding Crypto Offerings\n\neToro has consistently expanded its list of tradable cryptocurrencies, attracting a diverse range of investors seeking exposure to popular assets like Bitcoin and Ethereum, as well as emerging altcoins.\n\nSocial Trading Features\n\neToro’s innovative social trading model allows users to follow and copy the trades of experienced investors, lowering the barrier to entry for new participants.\n\n\nRobinhood: A 400% Monthly Increase in Crypto Trading\nRobinhood, another major player in the retail trading space, reported a 400% increase in crypto trading volume between October and November 2024. Known for its commission-free trading model, Robinhood has become a go-to platform for retail investors exploring both stock and cryptocurrency markets.\nRobinhood’s Role in the Crypto Surge\n\nSeamless User Experience\n\nRobinhood’s simple and intuitive app design appeals to retail traders, particularly those new to investing.\n\nWide Reach\n\nWith a large user base primarily consisting of millennials and Gen Z investors, Robinhood has played a significant role in popularizing cryptocurrencies among younger demographics.\n\nLow-Cost Access\n\nThe platform’s zero-commission trading model makes it an attractive choice for cost-conscious investors.\n\n\nWhy Is Crypto Trading Volume Soaring?\nThe rise in trading volumes on platforms like eToro and Robinhood can be attributed to several key factors:\n1. Retail Investor Interest\nThe primary driver of the increase in crypto trading volume has been a surge in interest from retail investors.\n\nAccess to Information: The widespread availability of online resources and social media discussions has educated retail investors about cryptocurrencies.\nMarket Recovery: After periods of volatility, signs of market recovery have reignited interest among retail traders.\nFOMO (Fear of Missing Out): The potential for significant returns in the crypto market continues to attract retail participants.\n\n2. Broader Adoption of Cryptocurrencies\nThe adoption of cryptocurrencies by major companies and financial institutions has legitimized the market, encouraging retail investors to participate.\n\nBitcoin ETFs: The introduction of spot Bitcoin ETFs has provided a regulated avenue for institutional and retail investors to gain exposure to Bitcoin.\nMainstream Use Cases: Cryptocurrencies like Ethereum are powering real-world applications in decentralized finance (DeFi) and non-fungible tokens (NFTs).\n\n3. Macro-Economic Factors\n\nInflation Hedging: Cryptocurrencies are increasingly viewed as a hedge against inflation, drawing investors during times of economic uncertainty.\nGlobal Accessibility: Unlike traditional financial markets, crypto markets are open 24/7, offering unparalleled accessibility to global investors.\n\nThe Impact of eToro and Robinhood’s Growth on the Market\nThe significant increases in trading volumes on eToro and Robinhood have broader implications for the cryptocurrency market:\n1. Increased Liquidity\nHigher trading volumes contribute to greater liquidity in the market, making it easier for traders to execute large transactions without significantly impacting prices.\n2. Price Volatility\nWhile increased participation boosts liquidity, it can also contribute to price volatility, particularly during periods of heightened speculation.\n3. Market Maturity\nThe sustained interest in cryptocurrencies by retail investors is a sign of market maturity, as digital assets transition from niche investments to mainstream financial instruments.\nA Historical Perspective on Crypto Trading Volume\nThe current surge in crypto trading volume is not unprecedented. Previous bull runs have also seen dramatic increases in activity:\n2017 ICO Boom\nThe initial coin offering (ICO) craze in 2017 attracted millions of retail investors, leading to record trading volumes on exchanges.\n2021 DeFi and NFT Mania\nThe rise of DeFi protocols and NFTs in 2021 spurred another wave of interest, driving trading volumes to new heights.\n2024: A New Wave of Adoption\nThe 500% year-on-year increase reported by eToro reflects a renewed wave of adoption, fueled by increased institutional participation and advancements in blockchain technology.\nChallenges Facing Retail Trading Platforms\nDespite their success, platforms like eToro and Robinhood face several challenges:\n1. Regulatory Scrutiny\nAs trading volumes grow, regulators worldwide are paying closer attention to cryptocurrency platforms to ensure compliance with anti-money laundering (AML) and know-your-customer (KYC) requirements.\n2. Competition\nThe rise of new trading platforms and decentralized exchanges (DEXs) presents competition for established players.\n3. Volatility Management\nPlatforms must ensure they can handle surges in trading activity without experiencing outages or disruptions.\nThe Road Ahead: What to Expect\nThe sustained growth in crypto trading volumes suggests a promising future for both retail platforms and the broader cryptocurrency market.\nFor Retail Platforms\n\nContinued innovation, such as the introduction of new cryptocurrencies and trading tools, will be key to maintaining user engagement.\nPartnerships with institutional players could help platforms attract a more diverse user base.\n\nFor the Market\n\nGreater participation by retail investors will drive liquidity and adoption, setting the stage for future growth.\nAdvances in blockchain technology and new use cases for digital assets will continue to fuel interest in cryptocurrencies.\n\nConclusion\nThe 500% year-on-year increase in crypto trading volume on eToro, coupled with Robinhood’s 400% monthly rise, underscores the growing interest in cryptocurrencies among retail investors. This trend reflects the broader adoption of digital assets as a mainstream investment class.\nAs trading volumes continue to soar, platforms like eToro and Robinhood will play a pivotal role in shaping the future of cryptocurrency markets. For investors, this surge presents both opportunities and challenges, emphasizing the importance of staying informed and managing risks effectively.\nTo learn more about the innovative startups shaping the future of the crypto industry, explore our article on latest news, where we delve into the most promising ventures and their potential to disrupt traditional industries.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"dataReport","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.4","shortVersion":"4.29.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2490585150"}